Hi,

I am planning to invest in the name of my wife and kid in mutual funds, PPF, FD, etc. from my salaried income.

Query: Can anybody suggest whether I will get deduction u/s 80c or any other section? Please provide the information for any decided cases or any links from which I can review for the same.

Regards,
Rajen Pandya

A company deducted TDS from payment made to some one friend in previous year 2005-06. The required TDS certificate is not being supplied by deductor. Where he may approach now on the issue.

Sir,
We have remitted TDS deductions to the Govt. under various challans for each different section of TDS.
After the final verification, we have found that the total remittance u/s 194C for the year has been made more and U/s194I for rent there is a deficit.
1.Can these remittances during the same year be set off against each other excess versus deficit under different sections?
2.If yes, is there any explicit section/rule which allows inter-challan(sections) set off within the same year.
3.Can excess remittance made under Sec.194 I be adjusted against the sec.195(foreing payments)?

Where can i download fillable-forms for fringe benefit tax?

Dear sir

we are a 100%EOU company. During the financial year 2006-07, we have unabsorbed depreciation of Rs. 32 Lakh. Interest income for the current year (FY 2006-07) is Rs. 10 Lakh. whether we will be allowed to set off unabsorbed depreciation with interest income?

please advise

Regards
Satyajit Roy Chowdhury

If some of the employees(say 30 nos)are not on the muster but they are paid as Service charges.So in that case PF & ESIC is not deducted,and so Sec 194C of the imcome tax,regrding TDS deduction is attracted or not?.

Also if some of the directors are given remuneration but Service Chrages is also given as a part of their remuneration structure,and also it is showm under different head(Service charges).So even in that case Sec 194C would attract?

Please resolve my querry urgently.

Thank you.

Mr. Expert,
My client has sold his "Mahal" which was built approx.200 years ago for Rs.40 lack what will be the capital gain in the hand of a rular, and how to calculate.

Q.1 If employer is paying arrear salary, is he liable to provide relief u/s 89(1)
or employee should claim relief while submiting income tax return.
Q.2 Whether employer liable to deduct tds on arrears too. if yes
While deducting tds on arrears whether sec 89(1) should be taken in to account.

This is case of non providing of TDS certificate by principal for financial year 2005-06. In case any company is not providing TDS certificate where we have to approach and how we may approach. If this is electronically possible please tell me.

there is joint property in the name of husband & wife.they have contributed unequal amount in property but in registry there was not any specific share in property.
if they sell this property ,how capital gain will be calculated?
can it be in proportion to their fund invested in property?